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been down 30%. the outlook below the estimates. david: let's talk about citi unfortunately because they cut so many workers. their stocks taking off. nicole: leading the dow financials really well today. david: we will talk about all the financials coming up but let's take a look at the general indices with the bells ringing on wall street. we got kind of a split decision. you have to remember the negative on the nasdaq is primarily from one stock, apple getting killed pulling down the entire index. when you spent much of a divergence in what is happening on the nasdaq, there is something with one or two stocks in this case a lot of it has to do with what happened to apple and at the end of the day trading down 7%, a huge loss for apple. liz: apple has an 18% waning. if they continue their slide, looking ahead about 1% today, but if apple continues a pretty dramatic slide, watch this etf, you could suffer bigger losses. david: nicole talk about bank of america. seeing a bump topping $10, the first time that's happened since july 2011. whether it is directly related to what happened
. lori: we will go live to chicago's midway airport. it could be going private as the city looks for new revenue. ♪ ♪ >> i am adam shapiro with your fox business brief. it was another down day for the markets. they continue to focus on the fiscal cliff. more americans are getting a better handle on their debt. the "wall street journal" reports u.s. households spent just over 10% in the third quarter of the year. that is the lowest level since 1983, according to the federal reserve. while the ultimate procrastinators are hitting stores today, retailers are also bracing for a busy day on wednesday. industry watchers say the lines were returning gifts will be as long, if not longer, then the lines consumers had to buy the things in the first place. that is the latest from the fox business network. giving you the power to prosper. ♪ lori: how has the franchise industry than coping with the fiscal uncertainty coming out of washington? joining us now is nick powell. welcome. >> thank you. thank you for having me. lori: i have to imagine this is probably one of the most difficult times. w
on refills at liz: we've been telling you the headlines. big banks like citi, bank of america, uba announcing job cuts by the thousands. that number could rise as technology replaces the traditional bank teller. our next guest says the dynamics of bank branches are shifting. they ought to get on board with video banking which is just what his company provides. ugenius founder and ceo willl3 join us. is this like skyping with my teller? what is this. >> that is a as good a description. this is the ability for a teller to see and talk to the customer but the teller is located in video call center as opposed to being inside the branch. it has huge benefits from cost efficiency standpoint from the financial institutions. liz: you make the software. you make the hardware. if i'm a customer how do i use it? >> you go up to a device and press the start button. liz: a device you provide? >> exactly. liz: so i would have to buy it? >> exactly. liz: the financial institution representative comes up on the screen and asks what type of transaction they would like to do while at the machin
: investors taking a shine in a big way in solar city, about blinding. the stock rallied, double digits, up 47% up on the first day of trading after a rocky road. they delayed the ipo and chopped the offering price. what got investors excited? really finally fairly priced? a lot of ipos get greedy. we sit down with the chairman, the ceo and co-founder. david: talking about facebook? liz: not really. david: battle over the cliff on capitol hill continues, boehner set to meet with president obama within an hour. we are there on capitol hill with the latest developments. liz: shopping bags, retail sales rebounded, but not every retailer was seeing green. breaking down the names that really won that should be, perhaps, on your portfolio shopping list. make money here. stay with us. ♪ [ male announcer ] this isteve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like
-tablet free trial. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldot want to pay more than you have to. only citirice rewind automatically searches for the lowest price. and if it findone, you get rended the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at shibani: eye eye eye. you -- iaea. you don't want to here this, the government bailout may get biggser. they're considering plans to help underwater borrowers in a much bigger way. david: liz macdonald has been following the ins and outs ever since thee two organizations were totally nationalized of they were semigovernment. but this stuff you're finding out is outrageous. >> this is courtesy of "the wall street journal" we had it confirmed this is a plan the white house is considering. in other words, refinanced -- mortgages refinanced not backed by freddie mac and fan fa. there is plan to do that. get fannie mae and fre
school is the highest paid in the country. that is right here in new york city at more than $3 million. >>> national hockey league is canceling its regular season through december 30th, i know, due to lack of collective bargaining agreement. 526 games, more than 40% of the season has been canceled. that unfortunately is that [buzzer] that is end of today's speed read. liz: it is disgusting. it is horrifying. we don't seem to be any closer to a resolution on the fiscal cliff even though many are warning that the economy could face dire consequences if there is no agreement but one strategist says, why are you worrying about december 31st? that deadline isn't even the real fiscal cliff. david: that strategist is none other than peter schiff, ceo of europacific precious metals. friend of the show. peter, although i wish it was under better circumstances. you say the real cliff coming is bigger han the housing mess, bigger than the housing crisis we went through. it's the bond mess. specifically when the fed stops printing money to buy up treasurys all hell will break loose, right? >> wel
into new york city. we don't have a lot of product in new york city. hard to develop a lower end brand, moderate hot tell tier. hard to make the numbers work. cambria, will be higher alternative value. liz: what is the rate on king room, not a suite, a basic room? >> the basic room in new york in the manhattan for us it will run somewhere in the low 200s. but remember --. liz: very reasonable. >> that's a value compared to the five or $600 you will be paying in are a lot of upper upscale hotels. david: how are you financing? credit is tough to get. >> credit is tough. it is getting better. gotten better in urban markets. this year it really improved. david: has that changed your plans? has i had made you more aggressive? >> it is a great time to build because we think the hotel business is continuing to expand for the next several years. new york is obviously one of the hottest markets in the country. it is a great place for us to launch a brand. everybody is here. all the travel managers are here. when they see the hotels they hope they book them at our other hotels. we believe the ti
cranes up in the air in new york city at the time that didn't have props. so i think the processes are good. i'm not sure what happened on that one but, yeah, we watch out if we -- that situation to improve it. we can help out. liz: getting taller and taller. and you make them beautifully. good to see you you. thank you, glen. >> always a pleasure. >> manitowoc chair and ceo. david telloc. 70% gain over 52 weeks. not bad. david: wow, that is good run. oregon lawmakers making sure big companies like nike have a reason to stay in their state many years to come. coming up next, oregon state senator mark haas, whether this state made a tax deal for only one company. >>> should apple shareholders be happy to hear that ceo tim cook feels a responsibility to create jobs? should that be a bigger driver than increasing apple's share price? we'll have a big debate on that. log on to the let us know if job creation should be a major focus for all companies. ♪ . liz: if our recovery is all about jobs listen to story. the oregon state legislature passing a new tax d
little time here. a couple picks to focus on, halliburton and citi group is one of your picks, why? people say it has not fixed up a lot of its mess. >> well, it's cheap. i think that's basically it. groups trading at 7.7 times earnings, historically trade at ten times, winding down of citi's holdings a benefit to the stock. it's the cheapest in the large cap universe on price to book basis absent bank of america, trading 8% of price to book. i think this is what you want to go into, things with definable catalysts, and when you have a stock rally, the financials participate in the history of markets. it's one you want to hold on. energy side, clearly, energy is not growing in terms of the demand in the u.s.. where it's growing is the rest of the world. >> right. >> we don't have any real opec or non-opec growth in terms of plux. who gets the call? the people who do offshore and deepwater drilling and down hole work. that's why you want to be there. >> global diversions here to some extent. all right, thank you very much, gentlemen, john stevenson and larry, have a great weekend. >
schumer had a simple over in the senate, where those states and certain cities in those states, $250,000 a year, catches a lot more taxpayers than it does elsewhere. david: rich edson great reporting all day rich. thank you very much. rich: thanks. liz: we still don't know what the new year will bring for you and your taxes and your tax filing. that could make life difficult for tax preparers. up next, the ceo of liberty tax, john hewitt on the fiscal cliff, how he's advising clients and why tax refunds could actually be delayed. david: how many different possibilities could there be? he will tell you. plus how about a big mac on christmas? why is mcdonald's expecting its biggest day ever on christmas day? that story is coming up in today's speed read. ♪ girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day, kids witness bullying. poor you. ha ha! they want to help but don't know how. teach your kids how to be more than a bystander. visit david: time for a quick speed read of some of the day's
4,000% growth, correct? >> yes. listen, we have, we launched the music city this year. we launched two music cds this year. both went platinum. clothing line will sell 3.5 million units. not dollars. pieces of apparel in the website. that is raising eyebrows all over the apparel industry. liz: as we see some of the numbers, i love to go back to the video, seeing people do it, the important point to be made you don't have to have a gym. doesn't have to be like that. you could do it in a church. do it in a cafeteria. do it in a synagogue basement, whatever you can do it anywhere. which brings me to this question. government regulation, has that ever tricked you up? is it more onerous now and how dii you overcome it? >> not really. liz: never a problem? >> government is pretty lax on the fitness industry. there are fitness certifying bodies. we encourage all the instructors to certify american council on exercise and american fitness. it is all good. liz: speaking of struggletores she is here with me on the set. i was a jane fonda. there are billy blanks. there are a million ideas out
trade in your gun. the city of worcster, massachusetts, is having a goods for guns buyback program. tomorrow you can bring in your unwanted, unloaded guns over to police headquarters, and in return you will get a free flu shot. big deal, and a gift certificate for wegman's grocery stores for 25 bucks. value of the certificate is depending on guns you trade in. the gu
to have fun while you're there. shibani: that's a great deal. also other party destinations new york city and orlando. what i also liked there were deals in off the beaten path location, austin and new orleans. >> new orleans is so festive year round but especially for new year's. there is a deal in the warehouse district of new orleans at the hotel modern. very chic boutique hotel. complimentary drinks when you get there. the party starts right away the lounge in the hotel is hosting their own new year's eve party. you have it in one place. shibani: you don't have to stumble very far i guess. what about 2013 as we get into the spring and warmedder season? >> january kicks off wave season for cruises when all the big guns come out to give the best deals for cruises. travelocity has a deal, $699 on norwegian epic cruise. departs on the 12th of january and it is a seven-night cruise, eastern caribbean, bahamas, st. martin, balcony room. if you take a cruise you have to have the balcony. shibani: i think it was a year ago the cost at that conrd cord diao disaster happened. it shook up the in
city. why on earth are they doing it? we'll tell you why, coming up right here on fox business. ♪ copd makes it hard to bathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly impre lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator workintogether to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at liz: fiscal cliff talks are heating up inside the beltway. david: peter barnes is following the latest live from the white house where
. they have escorted mcafee is the gaut maul lap city airport. he was jailed for crossing the borderism legally. he entered guatemala seeking political asylum from belize where he is wanted for questioning in the murder of his neighbor. >>> a report from mastercard advisors and wells fargo showed shoppers spent 5.2% more at small retailers than they did the same time last year. that's the latest from the fox business network, giving you the power to prosper. liz: the federal reserve expanding its bond buying program, announcing plans to purchase $45 billion in long-term treasurys while continuing to buy about $40 billion in mortgage-backed securities each and every month. david: but will the fed's new plans spur economic growth? joining us is alan blinder, former federal reserve vice chairman and he is now at the woodrow wilson school. thanks for coming in, professor. appreciate it. >> good to be here. david: i will quote alan blinder. i'm sure you wouldn't object to that? >> no. david: back in july you asked the following question. does anyone really think that lower u.s. treasury rate
Search Results 0 to 14 of about 15